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to the imperial interest of india. the southern coast of the gulf was called the piru coast. constantly feuding tribes would feud with one another spilling out of the seaboard approach to in the and resulted in the tax on india. so the british found themselves pooled into the gulf during the 1800's. not to colonize it to maintain order. they did with the relatively small amount of military force. but you are right. up through the early 1870's was one of british hegemonic control over the persian golf. the aftermath of rope or two with the independence of india that the british brigade at -- began their retrenchment with the independence of india, the british lost the rationale for their military presence and their lost the money to pay for their presence there. >>host: did the americans step in because of the vacuum or because they were asked? >> the story of british control shepherding over the golf plays itself out over 20 years. in 1968 the british announced the impending withdrawal in three years the americans initially said in very it explicit terms will not replace the british. the januar
to provide order to a part of -- on the flanks to their imperial interests in india. the southern coast of the gulf had been called in the 1800s, the pirate coast, and the constantly feuding tribes fused with one another, which spill out into the sea-born approaches to india, and result in attacks on india, and possibly resulting weakness that might bring another great power. so the british found themselves pulled into the gulf in the 1800s. not to colonize as they did further to the east in india but, rather to maintain order there, and they did, with a relatively small amount of military force. but you're right, the story in the 1800s, and the 1900s, until the early 1970s, was one of british control over the persian gulf. and it was in the aftermath of world war world car -- world war ii, the british began their slow, prolonged entrend. in the gulf. with the independence of india in the late 1940s, the british lost the rationale for the military presence in the gulf, and they lost to a degree the money to pay for the military presence that maintained order for so long. >> host: did th
on wednesday morning after the president of india rejected his plea for mercy. a pakistani national, he had been sentenced to death by a court in mumbai on charges of waging war against india, and murder. india's prime -- foreign minister said that pakistan objected to the decision we attempted to communicate with the pakistan -- a objected to the decision. >> we attempted to communicate with the pakistan foreign office. and since those comments were not received by the foreign office, by fax we communicated with them. >> outside, people have been celebrating an enchanting -- and chanting. execution, while legally in india, is rare. the last one was eight years ago. this man carried out one of the deadliest attack this country has seen. >> his body has been buried in the premises of this jail. the timing is significant, because it comes just days before the fourth anniversary of the november, 2008 deaths. >> last year, lasala or had the second-highest murder rate in the world. -- el salvador had the second highest murder rate in the world. earlier this year, a truce was broken between the t
will be watching very closely is india. one of china's largest trading partners. a rather unequal relationship. exports -- giant -- a three-time is from china to india. apparently the religious has been improving recently. trade ministers left where china assured india of greater market access. let's listen to what the indian finance minister has been saying about that relationship. >> china is an important country for india. they are a neighbor. they are the largest trading partner. and we remain engaged. at the same time, continue trying to create a balance because there is an adverse balance of trade, and we are seeking market access to companies -- in be in pharmaceuticals. i hope it will happen. >> slightly closer to home for us. we heard about the european growth forecast plummeting. what can they do and what and the european central bank can do about it with interest rates? >> we will be hearing from the ecb in about a half an hour's time. the expectation is they are going to keep interest rates steady at 0.75%. more interestingly will be what mario draghi actually says after that meeti
have the editorial director of india today, and a very big star blasters program, i enjoyed our encounter last year and expects similar feistiness, m.j. akbar. finally, we have paul madison, who is commander of the navy. thank you for joining us. when i was thinking about the title today and thinking about our panel, it occurred to me and i went online to find a chinese event is being held right now. there are no canadians, japanese, americans, on this panel. we don't have any chinese today, but we should have a lot of fun discussing strategy in asia pacific region with china, but i also want to acknowledge that that voice may not be with us today, but that could be giving us room to run. i went to china and visited with the ministry of foreign affairs and i met with their director and the finally said i cannot understand what the grand strategy is. this was about 2004. and i said, what is your grand strategy? and it was how to keep you guys distracted. [laughter] that seems to be shifting. one of the very interesting things, i know this is not a u.s. panel, but just two days ag
india. a wide variety of items that people decorate their homes with, you'll find people wearing new and colorful clothes over the five day festivities. it's also considered a good time to buy cars, homes and jewelry. that's because it's a festival honoring the god es of wealth, lakshima. it's tradition to offer prayers, and that's what's happening here in our office. it's considered a particularly nice spirit, so even though it is a national holiday, stock markets are open for trading. but it is at nighttime when india's streets really come alive with the festivities. homes and shops are lit up with hundreds of lights and fire crackers are burst as families come together to celebrate one of india's biggest festivals. >> and to all of you celebrating, happy duvali. and the pentagon has said the top american commander in afghanistan, general john allen, is to be put under investigation. now general allen who denies any wrong doing is to be investig are being described as alleged inappropriate communications with one of the two women at the heart of the scandal that led to mr. petraeus
right now. we have strengthened our ties with india. the indian prime minister paying a visit to washington in 2009 was the official state visit. we have the strategic dialogue with india. we see india as a partner for the 21st century and welcome their effort to look east and play a larger role in asia, including the indian ocean. at the same time, we of help realize indonesia's potential as a global partner. there is an excellent relationship between the prime minister and the president. it has been a terrific partnership. third line of the effort, promoting regional cooperation, peaceful resolution of disputes and adherence to human-rights and international law. at a global level, the president strongly supported making the g-20 in the international forum for economic cooperation. this brought a into global economic decision making. -- asia into global economic decision making. president obama became the first u.s. president to join the east asia summit last year in bali. he will participate again this coming week in cambodia. this stress is a critically important aspect of
collide as coffee culture comes now to india. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. [ male announcer ] a european-inspired suspension, but not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... inspired by a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> in a country where tea is deeply rooted in the culture, does india really stand a chance? we go to mumbai to find out. ♪ >> reporter: most people in india wake up to this every morning, a cup of chai, steaming, sweet, and milky. >> i think the lines are already starting. people are calling. >> there is a buzz. >> yeah, there is a buzz. >> reporter: one man believes that's changing. howard schultz, founder and ceo of the world's largest coffee chain, has p
, present-day india, the ching dynasty, temporary china, and the tokugawa shogunate in japan. each of these fears had its own way of governing on its own cultural and political approach to commerce, and order. if you fast-forward about 100, 120 years to the 19th century, the world changed dramatically. power had shifted from the west and the south to the north. and by 1815, the end of the napoleonic wars, europe had pulled ahead of the rest of the world. and the industrial revolution and the development of the steam engine and the development of steel and battleships, and the telegraph and underground, the underwater submarine cable enabled europe, not just to be the most powerful place in the world, but to extend its reach globally. and by the end of the 19th century, europe had either colonized or had already de- colonized 90% of the world landmass. and we have been living in the world since 1815 dominated by the west. economically, politically and ideologically. first it was europe, then europe handed over the baton to the united states after pearl harbor, and roughly 1815 until
of the companies you sell to don't have electricity that is reliable, correct? >> true. i was in india last week. half the women in india have no electric power or fresh potable water. when you enable her by putting a product together that saves her time, it changes her life. liz: well wit is just amazing you can do all of this stuff. look at their emerging market sales. 66% of the total sales. you're huge in india. you just got back. what did you see? >> now we've grown, took us about five years to start breaking even. five years to get to scale. now we have 180,000 women w so they're moving from the lower class to the middle class, to leadership. it's, it's having a dramatic impact. liz: do they have tupperware parties it sell all of this stuff? >> yeah. it is a little different twist. many don't have places where they live are big enough to have six to eight of their friends. they do it outside under tents. liz: they do it outside. that is interesting. you do it in 100 countries. i'm sure that is repeated elsewhere. >> yeah. liz: let's talk about some of the products. this is a storm story. n
today. >>> now, still to come on the program, the latest gdp figures out of india have disappointed. we'll ask what it takes to boost growth now. >>> welcome back. these are your headlines. mario draghi turns up the heat on eurozone governments, says not to rely solely on the ecb. >> the crisis has shown that we were living in the fairy world in the sense that we underestimated our amount of our equilibrium. >> and a greek tee fault could be the end of the euro. and japan posts surprisingly strong industrial output in october and the government announces yet another stimulus package sending tokyo stocks to a seven month high. and president obama takes his case for tax hikes for the wealthy to the american people as the war of words between democrats and republicans over the fiscal cliff heats up. european markets not so much of a fairy world if we can use the draghi expression. a little higher. xetra dax leading the way up 0.3%. cac 40, ftse 100 on its heats. ibex 35 is lower. bond space shows pretty positive attitude, as well. yields falling in spain, italy again this morning. 5.35%, 4
of his war policy, it would not reach those people. in annual growth in india of 1%. indians understand what this order was all about. they wanted the confusion of independence. from may, 1947 is important because it is the modern 1776. america is the oldest country of the modern world. the american constitution provided us with the template for classless democracy. it was not achieved immediately, but it was the template. india is important in 1947 because india is the oldest nation of the post-colonial world. the indian constitution creates an ideological template for democracy. with the emergence of india, china had a different template. very interesting, we see these comparisons, two parties, congress and the chinese communist party, became the dominant force in the post independents space. both had to be discriminated because both came from economically driven needs. the chinese offered autocratic left. but had karimov -- charismatic leaders. long story short,ke i i'm waiting for the short part. >> just a little bit longer. both had charismatic leaders, but i [indiscernible] but re
and solar makes no sense. refi china and india and other emerging economies would sign nine so to reduce emissions i don't take a position nine whether man-made emissions cause global warming and i it china and india to make up 37% of the population not doing so. and the first chapter the book i talk about geo engineering solutions win to think we could reduce global temperatures by just came roofs white to reflect the race. what we're doing with a 12 billion-dollar hours it is pushing people into cars they do not want to buy raising your much as a cost we are getting rid of incandescent light bulbs and disproportionately those zero least able to afford it the lowest fifth of and come distribution spend 24 percent of income on electricity natural-gas and gasoline. that's right. spending on energy and compared to an average of 7%. it it is just strange well-intentioned people who purport to represent advocates policies that will do them harm rather than a good british edition to hurricane the uproar industrial policies to promote solar and wind undesirable to create opportunities for poli
including japan, china, and india joined them at the summit. they issued a joint kmun ka that said they hope to reach agreement by the end of 2015. leader from japan, china, and south korea agreed to start talking on a free trade agreement of their own. they said they would put aside the territorial disputes between japan and the two other nations. japanese officials want to ease restrictions to give them more access to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an agreement by the end of next year. they're trying to strike a deal for what's known as the trance pacific partnership or tpp. leaders of seven of the 11 countries discussing the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to elimite taffs and they're still divided on other issues such as whether they will allow exemptions
and look at the issues that have to do with pakistan's relationship to india the issues that have to do with the sequence of events that will take place after 2014 when the american focus once again as steve mentioned, when the american focus become somewhat less on our relationship to counterterrorism and opens the door for more creative ways of business, academic, media and other links with pakistan that has suffered in last 10 years because of our focus. i guess i come out out of your question answering that i'm cautiously optimistic that there were two things on the rails which if you know what happened over the last two years is not an easy thing. it was kind of like rolling down the side of the -- with rocks and cactus is is an you don't know how far the ripping go so when i see these keeping things on track it's not easy to keep things on track and pakistan is the way it is mismanaged and the difficulties in our relationship but if we are able to do so after 2014 there will be a prospect that we can open up to new kinds of cooperation if we are not slaves to a bilateral vision ba
to india and that have to do with a sequence of events that will take place after 2014 when the american focus once again as steve mentioned when the american focus becomes somewhat less the relationship through the counterterrorism and opens the door for the more creative ways of business, academic, a media that have really suffered in the last ten years. so i guess i come out to your question answering that i'm cautiously optimistic if we can keep things on the rail which you know what will happen over the last ten years isn't an easy thing and it's like rolling down the side do would be and you don't know how for the region goes so keeping things on track it isn't easy to keep things on track in pakistan because of the way that it's mismanaged and because of the difficulties in the relationship, but if we are able to do so i think after 2014, there will be a prospect that we could open up to new kinds of cooperation if we are not slaves to a bilateral mission that is based on this trust but if we focus on the multilateral and the regional issues that will ultimately lead to economic g
five years ago, we thought china and india and other emerging economies might sign on to emissions reduction and therefore if we reduced emissions, perhaps global temperatures would be reduced. i don't take a position on whether man-made emissions cause global warming are not, but if we are reducing emissions in china and india, which make up 37% of the worlds population are not doing so, we're not going to have any effect on global temperatures. in the first chapter of the book i talk about geoengineering solutions that nobel prize winning scientists paul crookston thinks could reduce global temperatures if we adjust honoring such as spurring water or painting rooms white to reflect the sun rays. what we are doing with the $12 billion they spent on alternative energy is pushing people into cars they don't want to buy. we are raising electricity costs. we are getting rid of incandescent light bulbs and fluorescent lightbulbs. the cost of this falls disproportionately on to those who are least able to afford it. the lowest of the income distribution according to recent data assessme
the pakistans supports, the guys that india has sup pored, the russia has intended -- >> india is a big player here, fareed. because if you look through indian history from the guptas to the mull rans, the moguls, the dynasty, others, what you see is for many periods of indian history or sub continent history, the same empire that controlled the northern third of india also controlled most of pakistan and half of afghanistan, so afghanistan is not foreign to india. it's part of the sub continental conflict system. so we can leave afghanistan, the u.s. can. but understooindia, you will al deep equities there and if we desert afghan precipitously, you might see india moving closer diplomatically to russia in order to contain things there, in order to make sure afghanistan does not become just a radical islamic extension of pakistani isi control. >> so we are on track in the united states to withdraw from afghanistan over the next two years. tell us what -- what emerges as we with draw? >> what emerges is that iran will have much grader influence in western afghanistan. it's already supplying the
right, we have a merchant class and gdp growth rate more than double the united states in india. one of the largest populations in the world, some valuable investment opportunities down there. joining us now, chairman and cofounder with more on the real estate market in india. india a lot of people are not sure what is happening. is it still considered an emerging market? >> sure. think you for having us here. as you said, gdp growth in india has been averaging 6% last several years. there is an emerging middle class that has growing incomes and the employment rates are up, so with the growing urbanization and with the recent government reforms on foreign investments, we see real estate as a great place to be. >> you have about $2 billion in your fund, private equity investing in housing in india. first of all middle class shrinking a little bit. we were seeing a big differential. >> middle class is growing. so in fact compared to china you have growing organizations close to 30%, likely to go up where china is at 50%. as we have seen employment growth, we've actually seen incomes ex
with the interviews of priceline and diagio making a $2 million bet on india. one more look at futures, once again, negative actions here. we'll see how we close out this crazy week. >>> a few travel websites are hooking up. priceline going to buy kayak working out to $1.8 billion. it comes just about four months after kayak went public. priceline ceo jeffrey boyd will discuss the deal exclusively on "squawk on the street" at 11 a.m. eastern time. this is a tricky deal, jim, because kayak makes money by referring to the likes of a priceline and expedia. now priceline doesn't have to pay as much to be referred because it owns kayak and can make money off kayak referring to rivals like expedia. >> i thought it was kind of a dazzling move. these sites are very, very powerful, it's the way people travel. kayak doesn't look like a great site but it is very powerful way for people to be able to find out the best price move. hotels.com, priceline. i know priceline is looking down, apparently, but this was smart. >> you chase orbitz and try to find out who's next? >> this is a powerful combination, i thin
also finished lower after the rba cut its growth forecast. most miners finished in the red. in india, the sensex still in action now lower by about 1%. but hopes of a stake sale. orient express hotels rejected the bid. investors cheered the news after they worry about the impact of the acquisition on its balance sheet. ross, back to you. >> i'll pick it up now. any euphoria the obama administration feels could be erased by the thought of getting obama'sed edagenda through and divided congress. you can get more at cnbc.com. china is awaiting their new government and apparently expressing their envy of the u.s. democratic process. plenty more at changing china.cnbc.com. and also on the website, iranian warplanes fired an unmanned u.s. drone in international air space according to the pentagon. a formal warning was sent to tehran you through diplomatic channels. if the drone were hit it could have forced retaliation from the u.s. so against this backdrop, we want to know which of these stories is most important for the months ahead or is it something else entirely that we're not yet foc
interested in how you describe the evolving relationship with india and china. what do you see as the qualitative differences between india and china? you described india as a strategic partnership. china is something else. there is more of an element of competition when you describe the relationship with china. this is nothing like that when you describe the relationship with india. is it too much for us in southeast asia to expect that one day there will be a strategic partnership between the u.s. and china? >> thank you. the relationship with india is rooted in history and it is rooted in a shared system of democracy. it is a unique relationship that we are building out. it has different aspects to it. their relationship with china is more complex. we are trying to build a relationship that is important to both nations in the world between two systems that are very different. working that through it is one of the great challenges we have. we are trying to build a relationship between the u.s. and china where there are elements of competition. we are trying to build a relatio
delhi. >> yes, there is trouble for walmart. it started operations in india in 2009. and this internal investigation is part of an investigation with the securities exchange commission. they decided to expand the scope of the internal investigation to look into operations in india and china. we understand from our sources that a team led by executives from kpmg as well as a law firm here in india and as of now, the chief financial officer along with another couple of key executives have been suspended. they've been asked not to report to work until this internal investigation is complete. this couldn't have come at a worst time because remember the india parliament has been given the go ahead as far as walmart being able to step up its stores here in india. so this is going to be another reason for the opposition parties to force the government into a possible reversal of the decision. so it's looking difficult for walmart at this point in time. we've tried to contact the company. they have confirmed the investigation is on. there is no time line that's been given by when they expect a
at 80ss extraction facility in southern india. exports will begin next year. that's all for business news this hour. i'll leave you with a recap of the region's markets. >>> it's two against one in south korea's upcoming election. now they're putting their plans into place. representatives hopeful met with supporters of independent candidate. they began crafting a common platform. they will selt a candidate. now recent opinion polls suggest that opposition candidates must join forces to upset the ruling party candidate. she said disputed islands in the sea of japan's are southern territory and not the subject of any negotiations. japan claims the islands control them. she was positive toward the idea of a free trade agreement toward japan. negotiations have been suspended since 2004. >> translator: japan is an important friend of south korea. a free trade agreement would help increase economic cooperation between the two countries. >> park had previously referred to north korea and stressed her country would not tolerate provocations such as nuclear missile development. north korea r
-- [indiscernible] >> with respect to india, he believes india is a very important player. he had very productive discussions. india plays a very important role and we look to deepen our relationship with the government of india. deputy secretary carter's efforts to look at streamlining sales between the two countries. india is a key player in the region than we look forward to build a stronger defense relationship. >> is he looking to reduce the bureaucratic hurdles between india and the u.s.? has this been going on for three or four months on that issue? >> he has been active and engaged on this issue. i do not know a specific report, but i will assure you he is working this matter very hard. let me get to louis. >> he recently had been shopping with a number of countries like australia or france, canada. since the u.s.-india deal had not gone through and indians are still waiting to get their energy, my question is, the secretary is pushing for this p.o., and we are in the second term also? >> which specific deal? >> the nuclear deal. >> we are looking at the entire u.s.-india and defense rela
's relationship to india, the sequence of events that take place after 2014 when the americans focus, again, as steve mentioned, when the american focus becomes somewhat less on the relationship through counterterrorism and opens the door for more creative ways of business, academic, media, other links with pakistan that really suffered in the last ten years because of the focus on ct. i guess i come out to the question answering that i'm cautiously optimistic if we keep it on the rails, which if you know what happened over two years, it's not an easy thing, but like rolling down the side of a are vein, and you don't know how far the ravine goes. when i say "keeping things on track," it's not easy to keep things on track in pakistan because of the way it's mismanaged, because of the difficulties in the relationship, but if we are able to do so, i think after 2014, there will be a prospect to open up to new kinds of cooperation if we are not slaves to a bilateral vision that's based on this trust, but if we focus on the multilateral and regional issues leading to economic growth, relations w
explained that she was returning to india in a few days and hope to catch a glance of the president before she went home. she then arranged for the woman to be given a seat at the dinner so that she could hear the speech as well as see the president. nixon then left the hall to continue on to the engagement. i used the story because i think it exemplifies several key points i wish to make about pat and her public role. particularly about the role of foreign diplomats. first, she met the woman during one of her travels as first lady. the traveling she did as first and second lady was the best part of her job. as a political wife. second, she was just a young woman who had come to the united states and had come out to see the second lady and see the united states to study. she treated everyone she met as though they were the most important person in the world. there, she was happiest in her role when she could take action. the party they were out in the engagement they were going to or not is important at that moment as getting this visitor from india a seat at the presidential dinner. in th
's relations with india, the issues that have to do with the sequence of events that will take place after 2014 when the american focus once again as steve mentioned, when the american focus becomes somewhat less a relationship through counterterrorism and opens the door for more creative ways of business, academic, media, other links with pakistan that have really suffered in the last 10 years because of our focus on ct pics i guess i come up to your question answering that i'm cautiously optimistic that if we can keep things on the risk in which if you know what happened over the last two years, it's not an easy thing, it was like rolling down the side of her routine with rocks and cactus is and you don't know how far the routine goes. so goes. so what is a keeping things on track, it is not easy to get things on track, pakistan. because of the way it's mismanaged, because of the difficulties in our relationship. but if we're able to do so i think after 2014 there would be a prospect that we can open up the new kind of cooperation, if we are not slaves to a bilateral vision, based on mistrust
down to maybe six, 7%. as you know this were at double digits. india is still about 6. and there are four or five countries that are well over five but they would have been, if we hadn't had all these problems they probably would have been much higher. >> uh-huh. >> but it's not like going to minus or at least even going to low single digits. >> it is the deacceleration that longer-term investors will point to as a worrisome trend. do you agree with that? >> of course. we have to watch it very, very carefully but at the end of the day if you look at the average for emerging markets, the average growth rate is 5%. >> uh-huh. >> so that's five times more than what the developments are doing. so when people ask me do you think we'll have a hard or soft landing in china they are-- 5, 6, 7% growth is very, very fast growth. >> are these economies developing themselves? so in other words, are they becoming less and less dependent on trade with the big economies like the united states and europe and more internally developed. >> that is really interesting because if you look
a bunch of researchers in india. if this burger comes from a cow that was grazed on land that once upon a time was rain forest we can factor in the loss ecoservice and that's just the footprint. that does not include the low wages that are paid in the food industry or fields where even today we have workers who are living in conditions of modern day slavery. they're growing the tomatoes that end up in our burgers. the $200 hamburger is just $200 because of the environmental costs. if we factor in the labor costs it would even be hire. >> gavin: you talk about a small number of companies and corporations that disproportionately impact the distribution of food. i want to talk about that, but first i want to challenge with this question. do we produce enough food to feed 6.8 be billion people. if we do, is it the distribution problem that gets bottled up with the decisions of a few companies. >> i want to quote greg page. he's the cargill. he said we produce more calories per person than ever before in human history. there is more food on the planet than there ever has been. there is not a
at some of the worst first. president obama's 2010 trip to india, remember that one? u.s. congresswoman michele bachmann and others on the right were up in arms over rumors about what the trip would cost. >> i think we know that just within a day or so, the president of the united states will be taking a trip over to india that is expected to cost the taxpayers $200 million a day. we have never seen a trip at this level before, of this level of excess. and i think it's not a good signal to send to the american people when the american people are quite frankly struggling right now with high job losses. >> anyway, for comparison, by the way, $200 million a day would have surpassed the daily cost of the war in afghanistan at the time. that nonfactual story from michele bachmann about the cost of obama's trip was started by an unnamed source on an indian news website and somehow got into the ether. rush limbaugh. remember the first day of the republican convention was canceled due to hurricane isaac? well, rush then floated the idea that president obama was somehow involved with the weather
skilled workforces of dynamic emerging market countries such as china and india. in the three months ended october, the average wage grew by only 1.7% year-over-year. that s a record low growth rate for the average wage and as long as wages slow, slow as wage growth is brought in by china and by india, it is very unlikely that the u.s. will suffer from persistently rapid price equations. gerri: were more likely to suffer a recession, and you told our producer on this segment business retrenchment will apply to payrolls. looking at more cutbacks possibly. how deep will it go, do you see recession on the horizon or are we in it now? >> not quite yet. financial markets are not signaling the recession. nevertheless, we are probably looking at another year of approximately 2% growth, so in all likelihood, this is going to remain the most linked economic recovery since the 1930s. on the inflation front it may be some businesses will try and pass on the higher cost of health care to final crisis, but because of meager wage growth, chances are the price hikes will result in a loss of sales volume
of gold in their collective pockets. but they're not alone. china look set to overtake india as the world's top gold consumer this year. meanwhile, china's icbc bank says that within an economy on the mend, rising domestic income and new gold linked investment products in the offing, china's potential as a global gold haven is huge. even the pboc appears to be in on the act. the london bouillon market association says beijing may be mulling options to tack on more gold to its reserves soon. >> joining us now from hong kong, martin henekyp what is the diwali effect for gold and gold prices? >> demand has been quite reasonable as was mentioned despite the relatively weak indian economy and weak rupee. but you can't blame them if the rupee is very weak, what would you do if you don't have trust in the currency going forward. and we just had actually the indianville production figures out, they were weaker than expected, actually down for september 0.4%. negatively an expectation of 2.8%. and at the same time, the consumer prices rose by 9.75%. so somewhat of a stagflation there, but the econ
. and if we don't -- india and china. and if we don't have a diversity visa, a higher percentage of the. grants will be from mexico, india, and china. that's ok, it's not the end of the world but there is value in having immigrants from across the world. there is value in having ukrainians come to this country. there is value in having ethiopians. there is value in people having diverse social backgrounds and ethnic backgrounds coming to this country to facilitate acclimation to this country. so i think that it was well thought out having the concept whereby people who don't happen to be from mexico, india, or china, or the other main countries, have a way of getting here. it's a good program. so, too, having a stem visa program is absolutely critical call. it's important to our country to make sure we retain the talent we attract to our universitys and nothing is more frustrating to me as an american and many of our stites and i talk about it frequently back home, representing both of our major state universitys in colorado, as well as private universitys in my district as well, that h
online. today the u.s. economy accounts for 23% of the world's economy and india is 7. in 2030, according to the oecd predictions, china will be 29% of the world economy, the u.s. will be 18 and india will be 11. and those are, i think, really worthwhile numbers to keep in our mind as we talk about u.s. competitiveness in the world economy, because we're entering this entirely new era where the u.s. is going to be a big player in the world economy but no longer the preeminent, the very largest one, and i think that brings real challenges and requires a whole new way of thinking. so my opening remarks, steve was introduced, i think quite rightly, as a guy who i hope is getting cases of champagne and bouquets of flowers from the white house. because on certain readings you could say, you know, he's the guy who got the president reelected. that means, i believe, he has great insight into what obama's second term economic policy will be -- [laughter] and the big question on the agenda which i think certainly already tremendous bearing on u.s., on the u.s. domestic economy and, therefore, u.s.
the last four years. let's look back at some of the worst. president obama's 2010 trip to india, u.s. congresswoman michelle bachmann and others on the right were up in arms over rumors about what the trip woulds cost. >> i think we know that just within a day or so the president of the united states will be taking a trip over to india that is expected to cost the taxpayers $200 million a day. we have never seen a trip at this level before of this level of excess. and i think it's not a good signal to send to the american people when the american people are quite frankly struggling right now with high job losses. >> you know -- >> anyway, for comparison by the way $200 million a day would have surpassed the daily cost of the war in afghanistan at the time. that nonfactual story from michele bachmann about the cost of obama's trip which started by by an unnamed source on an india news website and got into the either there. we can't talk about conspiracy theories without rush limbaugh. first day of the republican convention was canceled due to hurricane isaac. rush floated the idea t
. two people were killed. the government blames opposition activists. the victims were from india. one other person was wounded. police say the bombs were homemade and placed by roadsides. the country's largest opposition group issued a statement denouncing violence and called for transparent investigation into the attacks. muslim residents have been staging rallies to demandor rights. a sunni royal family rules the country. >>> israel's prime minister said again and again he's willing to use military force to stop iran from making a nuclear weapon. two years ago benjamin netanyahu took them to the brink of a strike. he met with senior ministers and advisors. the armed forces chief of sff reportedly opposed the plan. he argued that the military lacked the capability to have a successful strike. he pushed him to get an agreement. they both retired last year. they have been vocal critics of netanyahu ever since. he told the u.n. general assembly he could set a deadline of next is summer at the latestr iran to halt its nuclear program. >>> afghan leaders are preparing for the withdrawal o
as far as the emerging market countries like india and china which have been the drivers for growth, and with the slow down coming in, nestle does 1k3ek9d that to ease just a bit. be he continues to be confident and very clearly suggesting that nestle will not sacrifice margins to go after volumes or market share. here's what paul volcker had to say in this exclusive interview. >> we're in for quite a few more year. the debt crisis in europe is not something that has been built overnight, so it won't be a solution overnight either. but also the positive trecnds ae there to stay. it is a dynamic that will be positive for a long time. i'm always an optimist. i think you have to be. >> and you're hoping the emerging markets will continue to drive growth. in fact that's the difference in comparison because it's really been your emerging market growth driving sales for you. but i want to pick up on that because we've actually seen in asia, africa, sales down. you also believe china because of the way the chinese economy has slowed down as not delivered as per your expectations or its tru
economies such as india. suzuki has been selling mostly small cars in the u.s. since 1985. the company's annual sales there peaked in 2007 when they sold more than 100,000 units. but the recession following the 2008 collapse of lehman brothers was a blow to suzuki. the stronger yen also made the situation worse. annual sales for last year plummeted to 27,000 units. suzuki spokespersons say they'll continue selling vehicles in hawaii while only offering motorcycle s and marine engines in the rest of the country. >>> japan has decided to ease restrictions on beef imports from the united states. the government has made the decision after a panel of experts has reported that the step will post no safety risk. u.s. beef imports will start to increase from as early as the beginning of next year. japan's health ministry decided to allow imports of beef from cattle 30 months or younger. that's on condition that the brain and spinal cord continue to be removed. these are parts where the pathogen of mad cow disease is believed to accumulate. japan decided seven years ago to limit u.s. beef impor
the news the president won a second term. celebrations were also held in afghanistan and india and kina. >>> not much has changed in the balance of power on capitol hill. dianne feinstein is heading back to washington after winning a fourth term. she beats republican elizabeth emkiin there. democrats keep control of the senate with 53 seats that is including two independence who will caucus with them. 40 republicans have 45 seats if there is two races too close to call. wisconsin elected democrat elect -- ktvu cop congress has results on some of those races. >> reporter: of the 14 congressional districts in the bay area all but one incumbent kept their seat. let's take a look at the map so we can show you where there is changes. let's talk about district 15. that is where we see the local upset. this is of course the race between top democrats and this is 100% of precincts reporting. overnight the numbers showed 31- year-old erik pulling ahead. he tweeted thank you for the faith you have showed in me. we are bringing new energy and results to -- and a new top two primary system. now the
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